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🏢 Just listed — Residential Land for sale in Mooresville, NC.

📍 615 Turner Street, Mooresville, NC
🏷  Residential Land · For Sale
💰 $650K

Fully entitled project on 4.73 acres

<ul><li>4.73 acres for sale, fully entitled project for 22 town homes. Would make a great build-to-rent project.</li><li>2 abandoned houses that need to be torn down.</li></ul>

Full financials, photos, and broker contact:
https://commrty.com/property/north-carolina/mooresville/615-turner-street-2564176-for-sale?utm_source=linkedin&utm_medium=share&utm_campaign=pdp&utm_content=615-turner-street-2564176

#Mooresville #Land #CommercialRealEstate #CRE #Investment

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Home/NC/Mooresville

615 Turner Street

Mooresville, NC 28115-3032

Asking Price

$650K

Asset Type

Residential Land

Class

Class B

What's Special

Fully entitled project on 4.73 acres <ul><li>4.73 acres for sale, fully entitled project for 22 town homes. Would make a great build-to-rent project.</li><li>2 abandoned houses that need to be torn down.</li></ul>

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Purchase Price ($)

Down Payment (%)Interest Rate (%)

Amortization (years)Annual Gross Income ($)Annual Expenses ($)

NOI

$80,000

Cap Rate

12.31%

DSCR

2.07

Strong

Cash-on-Cash

21.24%

Monthly Payment

$3,215.845

Annual Cash Flow

$41,409.856

Location & Travel Times

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$1.60M

Class B | Residential

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Listed by Owner · For Sale